Ratings

Abu Dhabi Investment Authority (ADIA) came in the third rank with $683 billion in assets
21 October 03:47 PM Saudi Arabia’s PIF ranks 10th among world’s peers
Riyadh – Mubasher: Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), ranked the 10th among the world's largest sovereign wealth funds (SWFs). PIF’s total assets stood at $360 billion, acquiring 10.8% of the world’s total value by …
The ratings were backed by AUB’s assets
21 October 01:05 PM CI affirms AUB financial strength rating at “A”
Mubasher: Capital Intelligence Ratings (CI) has affirmed the financial strength rating (FSR) of Ahli United Bank (AUB) at “A”, according to a recent official statement. CI Ratings added that the lender’s long- and short-term foreign currency …
This is the first time for Moody's to assign a rating to Tabreed
18 October 03:17 PM Moody's places “Baa3” ratings to UAE Tabreed; outlook “Stable”
Dubai - Mubasher: Moody's Investors Service has assigned a “Baa3” long-term issuer rating to the National Central Cooling Company (Tabreed), according to a recent report. The New York-based ratings agency has also placed a “Baa3” instrument rating …
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16 October 06:14 PM Al-Rajhi raises TP for Jarir to SAR 177/shr
Riyadh - Mubasher: Al Rajhi Capital Research has maintained its Neutral recommendation on Jarir Marketing, but raised the company’s stock target price (TP) to SAR 177 per share, from SAR 166. The company’s earnings during the third quarter of the …
A.M.Best affirmed Doha Insurance’s rating at ‘A-‘
15 October 05:29 PM A.M.Best affirms Doha Insurance’s rating at ‘A-‘
Mubasher: Doha Insurance on Monday revealed that A.M.Best Rating Agency has affirmed its financial strength rating at “A-“. The rating agency remained its outlook stable for the Qatari insurance company, according to a filing to the Qatar Stock …
The decision came after Hong Kong-listed United Energy Group Ltd’s had announced plans to acquire Kuwait Energy
11 October 12:20 PM Kuwait Energy ‘CCC’ rating placed on watch evolving - Fitch
Mubasher: Fitch Ratings has placed Kuwait Energy plc’s Long-Term issuer default rating (IDR) of 'CCC' on rating watch evolving (RWE). The decision came after Hong Kong-listed United Energy Group Ltd’s had announced plans to acquire the Kuwaiti …
Fitch has also affirmed the lender’s viability rating at (bb+)
11 October 11:35 AM Fitch affirms KFH rating at ‘A+’; outlook ‘Stable’
Mubasher: Fitch Ratings has affirmed Kuwait Finance House’s (KFH) long-term issuer default rating (IDR) at “A+”, with a “stable” outlook. The stable outlook on KFH’s Long-Term IDR reflects that on the Kuwaiti sovereign rating, the New York-based …
The new PT is lower than the current market price amounted to QAR 132
11 October 10:20 AM QNB raises Industries Qatar PT to QAR 126/shr
Mubasher: Qatar National Bank (QNB) Financial Services raised Industries Qatar’s price target (PT) to QAR 126 per share instead of QAR 109. The new PT is lower than the current market price, which is amounted to QAR 132, by 4.5%, the brokerage arm …
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10 October 10:33 PM Moody's affirms ratings of SABB, Alawwal
Mubasher: Moody’s Investors Service has affirmed the local and foreign currency deposit ratings of Saudi British Bank (SABB) at A1/P-1 and Alawwal Bank at A3/P-2. The outlook on Alawwal's long-term deposit ratings was changed to positive, from …
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10 October 06:52 PM QNB raises PT for Industries Qatar
Mubasher: QNB Research rose the price target (PT) for Industries Qatar to QAR 126 per share, from QAR 109, and maintained its “hold” recommendation. The new PT is 4.5% lower than the current market price, as the stock is trading at QAR 132. QNB …
Burgan Bank’s financial strength rating (FSR) was affirmed at “bb"
9 October 03:03 PM Fitch affirms Burgan Bank’s rating at “A+”
Mubasher: Fitch Ratings has affirmed the long-term credit rating of Burgan Bank at “A+”, with a “stable” outlook. The rating measures the issuer’s ability to repay its liabilities, according to a bourse statement on Tuesday. Burgan Bank’s …
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6 October 07:12 PM S&P affirms Saudi Arabia's ratings
Mubasher: S&P Global Ratings has affirmed Saudi Arabia's 'A-/A-2' long- and short-term foreign and local currency sovereign credit ratings, with a stable outlook. "At the same time, we expect that the Saudi authorities will continue to take steps …
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4 October 05:51 PM CI assigns negative outlook to Al Rajhi
Riyadh - Mubasher: Capital Intelligence has affirmed Al Rajhi Bank’s strong capital adequacy and foreign currency ratings at “A+”, downgrading the outlook from stable to negative. The ratings are attributed to the bank’s assets and good …
The Qatari government has been able to rebalance the country's economy
4 October 04:59 PM Qatari banking system outlook upgraded on economic resilience – Moody’s
Mubasher: Moody's Investors Service has changed the outlook for the banking system in Qatar to “Stable” from “Negative”, according to the rating agency’s statement on Thursday. This upgrade for the gas-rich nation’s banking sector reflects the …
Assets of the UAE’s foreign sovereign wealth funds are expected to increase by 8.3% to $785.6 billion in 2018 from $725.4 billion
4 October 01:33 PM UAE’s sovereign assets to hit $785.6bn in 2018 – IIF
Dubai – Mubasher: Assets of the UAE’s foreign sovereign wealth funds are expected to increase by 8.3% to $785.6 billion in 2018 from $725.4 billion, the Institute for International Finance (IIF) said in a report  The report projected that the GCC …
Moody's changed the outlook on the long-term bank deposits to ‘ratings under review’ from ‘stable’
2 October 09:26 AM Moody's sets ratings for CBD on review for downgrade
Dubai – Mubasher: Moody's Investors Service has placed all ratings of Commercial Bank of Dubai (CBD) on review for downgrade. The bank’s long-term deposit ratings were set at Baa1, whereas the short-term deposit ratings were placed at P-2, the …
Moody’s affirms Mubadala rating at ‘Aa2’ after consent solicitation announcement
1 October 07:35 PM Moody’s affirms Mubadala rating at ‘Aa2’ after consent solicitation announcement
Abu Dhabi – Mubasher: Moody’s Investor Service on Monday affirmed its issuer ratings for Mubadala Development Company at Aa2/P-1. In addition, Moody’s affirmed its “P-1 Commercial Paper ratings, Aa2 backed senior unsecured ratings on notes issued …
The Kingdom's oil production will increase, especially after Iran suspended its supplies.
1 October 04:45 PM Saudi economic growth to see upward trajectory - Capital Economics
Riyadh – Mubasher: Saudi Arabia’s economy has seen a leap during the second quarter of 2018, amid expectations to continue growth in the coming period in line with a rise in oil prices and large investments in the non-oil sector, Capital Economics …
The decision came after Ezdan provided an insufficient information to support the maintenance of the ratings
1 October 02:31 PM Moody’s withdraws Ezdan Holding’s credit rating
Mubasher: Ezdan Holding Group on Monday announced that Moody’s credit agency has withdrawn the group’s credit rating and sukuk programme which was at “B1”. The US-based credit ratings agency's decision came after Ezdan provided an insufficient …
The five-star hotel Address Dubai Marina ranked the first among Dubai’s 582 hotels
30 September 10:24 AM Emaar Hospitality ranks 1st among Dubai’s 582 hotels - TripAdvisor
Dubai – Mubasher: Emaar Hospitality Group,  the hospitality and leisure subsidiary of global developer Emaar Properties, has won TripAdvisor’s top ranking among Dubai hotels across all three categories – the five-star, four-star, and three-star. …
The rating reflects the company’s robust financial profile supported by its strong equity base
26 September 11:03 AM Tassnief affirms Saudi Re for Cooperative’s rating at ‘AA+’
Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company (Saudi Re) on Wednesday announced that Tassnief, the credit rating agency formed by the Saudi Credit Bureau's (SIMAH), has affirmed its insurance financial strength rating at “AA+” …
"SABIC's A1 rating reflects its strong business position in the chemical sector"
24 September 07:00 PM Moody's assigns A1 rating to SABIC Capital II’s proposed notes
Riyadh - Mubasher: Moody's Investors Service has assigned A1 instrument rating to the planned senior unsecured notes to be issued by SABIC Capital II B.V. and Saudi Basic Industries Corporation (SABIC), with a stable outlook. Moody's has also …
The FTSE EPRA/Nareit Global Real Estate Index is a property index
24 September 11:38 AM Emirates REIT joins FTSE EPRA/NAREIT Emerging Index
Dubai – Mubasher: Equitativa has announced that its subsidiary Emirates REIT was selected to join the FTSE EPRA/NAREIT Emerging Index. The selection of the GCC’s largest REIT manager came after the company reported a hike in its daily average …
The US financial services company also remained its outlook “stable”
23 September 09:51 AM S&P affirms Doha Insurance rating at 'A-'; outlook ‘Stable’
Mubasher: Doha Insurance Group on Sunday announced that Standard and Poor’s Rating Services has affirmed its long-term issuer credit rating at “A-”. The US financial services company also remained its “stable” outlook for the Qatari leading …
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20 September 02:13 PM Moody's assigns first-time B1 ratings to OCTAL
Mubasher: Moody's Investors Service has assigned a B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) to OCTAL Holding, with a stable outlook. The firm has also assigned B1 instrument ratings to the proposed $300 …